What is the formula for the present value of $50,000, to be received 4 years from now, with a 10% per year discount rate compounded semi-annually? $50,000 = (1.05)8 $50,000 + (1.1094 $50,000 X (1.10) $50,000 X (1.05) Buckeye's Bagels, Inc. has provided the following information: - The allowance for doubtful accounts balance at the beginning of the year was a credit balance of $50,000. - The allowance for doubtful accounts balance at the end of the year, as reported on the Balance Sheet, was a credit balance of $65,000. - Accounts receivable of $6,000 were written-off as uncollectible during the year. How much was Buckeye's bad debt expense for the year? $9,000 $15,000 $6,000 $21,000